All posts by kulaslawfl

What Is the Community Spouse Resource Allowance?

At some point during your retirement years, you may find that you need the type of care that can only be provided by a long-term care facility. Given the high cost of that care, you may need to turn to Medicaid for help paying your long-term care (LTC) bill. One concern many seniors have when […]
The post What Is the Community Spouse Resource Allowance? appeared first on Kulas Law Group.

https://www.kulaslaw.com/what-is-the-community-spouse-resource-allowance/

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Why You Might Want to Use a Living Trust to Make Gifts to Your Grandchildren

Grandparents have the best of all worlds. They get to enjoy spending time with their grandchildren without all the responsibilities of caring for them day to day. If you are a grandparent, however, you may choose to contribute financially to your grandchildren’s care while you are alive. You may also want to make gifts to […]
The post Why You Might Want to Use a Living Trust to Make Gifts to Your Grandchildren appeared first on Kulas Law Group.

https://www.kulaslaw.com/why-you-might-want-to-use-a-living-trust-to-make-gifts-to-your-grandchildren/

Last Will vs. Living Trust

Although your initial estate planning document will probably be a Last Will and Testament, there may come a time when you consider adding to that limited plan or even using another primary method for the distribution of your estate assets. Specifically, many people decide that a living will is a better option for distributing assets […]
The post Last Will vs. Living Trust appeared first on Kulas Law Group.

https://www.kulaslaw.com/last-will-vs-living-trust/

Older Americans Month Is an Excellent Time to Update Your Estate Plan

Each year, during the month of May, the Administration for Community Living (ACL) sponsors the nation’s observance of Older Americans Month. Every year there is a new theme for Older Americans Month. The 2019 theme —  Connect, Create, Contribute — encourages older adults and their communities to: Connect with friends, family, and services that support […]
The post Older Americans Month Is an Excellent Time to Update Your Estate Plan appeared first on Kulas Law Group.

https://www.kulaslaw.com/older-americans-month-is-an-excellent-time-to-update-your-estate-plan/

How to Use a Memorandum of Intent with Your Special Needs Trust

The moment you become a parent, the need to have an estate plan in place becomes apparent. If you are the aren’t of a child with special needs, the need for a well thought out and comprehensive estate plan is heightened. Care must be taken when providing for your child because making direct gifts can […]
The post How to Use a Memorandum of Intent with Your Special Needs Trust appeared first on Kulas Law Group.

https://www.kulaslaw.com/how-to-use-a-memorandum-of-intent-with-your-special-needs-trust/

The Type of Joint Title You Choose Can Put Your Property at Risk

Creating a successful estate plan requires you to do more than simply decide how your estate assets are to be distributed after you are gone. It also requires you to protect those assets while you are alive. Fortunately, there is a wide range of estate planning tools and strategies that can help with asset protection. […]
The post The Type of Joint Title You Choose Can Put Your Property at Risk appeared first on Kulas Law Group.

https://www.kulaslaw.com/the-type-of-joint-title-you-choose-can-put-your-property-at-risk/

What Happens to Your Retirement Account When You Die?

In the United States, a significant percentage of the workers count on the funds in a retirement account to live comfortably during their retirement years. The rules of most retirement accounts require the owner to take the funds out in disbursements over many years instead of just withdrawing one lump sum when they reach retirement […]
The post What Happens to Your Retirement Account When You Die? appeared first on Kulas Law Group.

https://www.kulaslaw.com/what-happens-to-your-retirement-account-when-you-die/